Studio And Forum Of Scenic Art Inc
Studio And Forum Of Scenic Art Inc faces financial challenges with consistent operating deficits and declining assets.
EIN: 200116152 · Monroe, CT · NTEE: A25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $62K |
| Total Expenses | $97K |
| Program Spending | 80% |
| Net Assets | $26K |
| Transparency Score | 65/100 |
Is Studio And Forum Of Scenic Art Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Studio And Forum Of Scenic Art Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Studio And Forum Of Scenic Art Inc
Studio And Forum Of Scenic Art Inc (EIN: 200116152) is a nonprofit organization based in Monroe, CT, classified under NTEE code A25. The organization reported total revenue of $62K and total assets of $32K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Studio And Forum Of Scenic Art Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Studio And Forum Of Scenic Art Inc is a micro nonprofit that has been operating for 20 years, with 5 years of IRS 990 filings on record (2018–2022). Revenue has grown at a compound annual rate of -5.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $97K |
| Surplus / Deficit | $-34,813 |
| Total Assets | $32K |
| Total Liabilities | $6K |
| Net Assets | $26K |
| Operating Margin | -55.8% |
| Debt-to-Asset Ratio | 19.3% |
| Months of Reserves | 4.0 months |
Financial Health Grade: B
In 2022, Studio And Forum Of Scenic Art Inc reported a deficit of $35K with expenses exceeding revenue, holds 4.0 months of operating reserves (adequate), has a debt-to-asset ratio of 19.3% (very low leverage).
Financial Trends
Over 5 years of filings (2018–2022), Studio And Forum Of Scenic Art Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +1384.7% | +469.3% | -48.7% |
| 2021 | -93.8% | -78.5% | -18.4% |
| 2020 | -17.3% | +59.1% | -13.1% |
| 2019 | +4.7% | -44.3% | +61.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Studio And Forum Of Scenic Art Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Studio And Forum Of Scenic Art Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $35K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.3%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly efficient for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Studio And Forum Of Scenic Art Inc's IRS 990 filings:
- Consistent operating deficits (e.g., $34,813 deficit in 202206)
- Significant decline in total assets over recent years (from $88,268 in 2019 to $32,159 in 2022)
- Low and fluctuating revenue streams, making financial planning difficult
Strengths
The following positive indicators were identified for Studio And Forum Of Scenic Art Inc:
- 0% officer compensation, indicating high efficiency in executive pay
- Relatively low liabilities across all filing periods
Frequently Asked Questions about Studio And Forum Of Scenic Art Inc
Is Studio And Forum Of Scenic Art Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Studio And Forum Of Scenic Art Inc (EIN: 200116152) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Studio And Forum Of Scenic Art Inc spend its money?
Studio And Forum Of Scenic Art Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Studio And Forum Of Scenic Art Inc tax-deductible?
Studio And Forum Of Scenic Art Inc is registered as a tax-exempt nonprofit (EIN: 200116152). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Studio And Forum Of Scenic Art Inc's spending goes to programs?
Studio And Forum Of Scenic Art Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Studio And Forum Of Scenic Art Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Studio And Forum Of Scenic Art Inc is above average for NTEE category A25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Studio And Forum Of Scenic Art Inc located?
Studio And Forum Of Scenic Art Inc is headquartered in Monroe, Connecticut and files with the IRS under EIN 200116152. It is classified under NTEE code A25.
How many years of IRS 990 filings does Studio And Forum Of Scenic Art Inc have?
Studio And Forum Of Scenic Art Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $62K in total revenue.
Is Studio And Forum Of Scenic Art Inc a good charity?
While the organization demonstrates strong financial efficiency by not paying officer compensation, its consistent operating deficits (e.g., $97,172 expenses vs. $62,359 revenue in 202206) and declining asset base raise concerns about its long-term financial sustainability and ability to consistently deliver on its mission.
What caused the significant drop in assets from $88,268 in 2019 to $32,159 in 2022?
The decline in assets is likely due to the organization consistently spending more than it earns, as seen in the deficits in 202006, 202106, and 202206, forcing it to draw down its reserves to cover operational costs.
How does the organization cover its operating deficits?
The organization appears to be covering its operating deficits by utilizing its existing assets, as indicated by the significant decrease in total assets over the past few years, from $88,268 in 2019 to $32,159 in 2022.
Filing History
IRS 990 filing history for Studio And Forum Of Scenic Art Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2018–2022), Studio And Forum Of Scenic Art Inc's revenue has declined by 20.8%, moving from $79K to $62K. Total assets decreased by 41.2% over the same period, from $55K to $32K. Total functional expenses rose by 8.5%, from $90K to $97K. In its most recent filing year (2022), Studio And Forum Of Scenic Art Inc reported a deficit of $35K, with expenses exceeding revenue. The organization holds $6K in liabilities against $32K in assets (debt-to-asset ratio: 19.3%), resulting in net assets of $26K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $62K | $97K | $32K | $6K | — | — |
| 2021 | $4K | $17K | $63K | $2K | — | — |
| 2020 | $68K | $79K | $77K | $3K | — | — |
| 2019 | $82K | $50K | $88K | $3K | — | View 990 |
| 2018 | $79K | $90K | $55K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $62K, expenses of $97K, and assets of $32K (revenue +1384.7% year-over-year).
- 2021: Revenue of $4K, expenses of $17K, and assets of $63K (revenue -93.8% year-over-year).
- 2020: Revenue of $68K, expenses of $79K, and assets of $77K (revenue -17.3% year-over-year).
- 2019: Revenue of $82K, expenses of $50K, and assets of $88K (revenue +4.7% year-over-year).
- 2018: Revenue of $79K, expenses of $90K, and assets of $55K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Studio And Forum Of Scenic Art Inc:
Data Sources and Methodology
This transparency report for Studio And Forum Of Scenic Art Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.